Representative image for Union Budget 2025.
Credit: iStock Photo
Finance Minister Nirmala Sitharaman tabled the much-anticipated Union Budget for FY26 in the Lok Sabha on February 1. This is a record eighth Budget for the Finance Minister, who, incidentally, also holds the record for the longest Budget speech in India's history.
Talking about gig economy and its workers, Rashi Agarwal, co-founder & Chief Business Officer of Zypp Electric said, "The Union Budget 2025 reaffirms India's commitment to fostering entrepreneurship and empowering the gig economy. The government's decision to establish a new ‘Fund of Funds for Startups’ with an additional Rs 10,000 crore infusion will provide a significant boost to innovation and job creation. This initiative, coupled with the dedicated support for five lakh women, SC, and ST first-time entrepreneurs, will drive inclusive growth and encourage diverse participation in the startup ecosystem."
"Furthermore, introducing identity cards and healthcare coverage for gig workers under PM-Jan Aarogya Yojana is a landmark move towards recognising and securing the livelihoods of millions in the gig economy. These measures are a game-changer at Zypp Electric, where our fleet is powered by thousands of gig workers enabling sustainable last-mile deliveries. Access to social security and financial support will empower our rider partners, enhance workforce stability, and accelerate the adoption of green mobility solutions across India. We welcome these forward-thinking initiatives, which will not only strengthen India's entrepreneurial landscape but also ensure social security for the workforce driving the nation's digital and mobility revolution," Rashi added.
Union Budget 2025 | Nirmala Sitharaman, as Finance Minister, presented her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', the Modi govt gave income tax relief for those making up to Rs 12 lakh per year in salaried income. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.